Subscribe free to our newsletters via your
. Earth Science News .

Indian media slams government over audit reports
by Staff Writers
New Delhi (AFP) Aug 18, 2012

Indian media on Saturday slammed the embattled government after a damning report by the country's auditor estimated that the exchequer lost billions of dollars by failing to auction valuable coal mining rights.

Newspapers said the findings by the Comptroller and Auditor General (CAG) has pushed the government to the wall especially since auditors had assigned personal blame to Prime Minister Manmohan Singh.

On Friday the CAG released three reports accusing the government of allocating coal blocks, power projects and land for Delhi's flagship airport at a fraction of market prices rather than through a bidding process.

The report on coal block allocation estimated that since mid-2004 private operators who won coal blocks without competition may have enjoyed "financial gains to the tune of 1.86 trillion rupees ($33.4 billion)".

The Hindustan Times newspaper splashed the front page with: "Our likely loss: Rs 3,800,000,000,000," referring to the total revenue they said the Indian taxpayers may have lost in the three sectors.

It stated that the government "has clearly run out of withstand the tsunami of corruption charges that could rob it further of the popular esteem so essential for governing with conviction and authority".

Manmohan Singh's coalition government, dominated by the left-leaning Congress party, has been beset by a string of corruption cases since re-election in 2009 and the latest allegations of mismanagement led to renewed pressure on him.

The Times of India headlined with "CAG's trident bleeds govt" while the Mint newspaper said that reports have brought "corruption back on (the) national agenda".

The hotly awaited findings has led the opposition to step up demands for Singh to resign since he was in charge of the coal ministry from 2004 to 2009.

They have asked the government to answer why an auction was not held.

The Mail Today's headline was "GOVT IN A CAGMIRE" and it called the auditor's report a "triple whammy".

However Singh's government maintains it was simply following established policy, and the prime minister had denied wrongdoing before the report's release.


Related Links
The Economy

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

More Chinese cities record new home price increases
Beijing (AFP) Aug 18, 2012
New home prices in more Chinese cities rose in July than in the previous month, the government said Saturday, amid cautious optimism the country's property market may be bottoming out. Prices in 50 out of the 70 Chinese cities tracked by the government increased in July from June, the National Bureau of Statistics said in a statement. That represented a doubling from 25 in June. China ha ... read more

Landslide fatalities are greater than previously thought

Assamese flee Bangalore over safety fears

Studies examine health consequences of meltdown, damage to Fukushima nuclear power plants in Japan

Two African boat migrants dead, 160 rescued off Malta

Good vibrations

Britain and Ireland tuning into Netflix

Apple is most valuable company ever at $623 bn

Micro-thruster could move small satellites

Ohioans Love Their Lakes, But Are Concerned For Their Future

Invasive brittle star species hits Atlantic Ocean

Removing Phosphorous From Wastewater

Rating of ocean health shows 'room for improvement'

First Chinese ship makes trip to Atlantic via Arctic route

Predictions are in for Arctic sea ice low point

Melting ice opens Northwest Passage

Tropical climate in the Antarctic

Scores of mastic orchards ravaged by Greek wildfire

China sees red over Europe wine imports

Aquaculture Feeding World's Insatiable Appetite for Seafood

Impulsive micromanagers help plants to adapt, survive

Typhoon kills 17 in Vietnam

Typhoon Kai-Tak kills nine in Vietnam

New storm brings flashfloods, landslides to Philippines

6.3-magnitude quake hits Indonesia's Sulawesi

Kenyan, Ugandan troops battle al-Shabaab

S.Africa police say mine killings were self-defence; 34 dead

Defence ministers meet on DR Congo

South Africa's lion bones: Asia's new delicacy

Research raises doubts about whether modern humans and Neanderthals interbred

Old skull bone rediscovered

A new take on how evolution has shaped modern Europeans

Neolithic Man: The First Lumberjack?

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement